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Re: Capstone Son of Lehman!
From the DM article
All Banks and DCA's etc seem to quote similar to the above when questioned as to their recovery processes--was this script prepared for them by Jeffrey Archer?Capstone said: ‘We work hard with all customers in financial difficulty to come to a mutually acceptable arrangement whenever possible to pay their arrears over time.
‘Where arrangements on arrears accounts are maintained, fees are not applied. It is inappropriate to comment on individual cases. We do all that we can to help customers in financial difficulty and repossession remains a last resort.’
Read more: http://www.dailymail.co.uk/money/art...#ixzz14i8d8eEr -
Re: Capstone Son of Lehman!
http://blogs.thisismoney.co.uk/
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Did this woman create the problem?
Did this woman create the problem?http://www.thisismoney.co.uk/mortgag...4&in_page_id=8
While Capstone boosts its profits by repossessing borrowers' homes and inflating their debts with eye-watering charges, who benefits?
One answer is the disgraced bankers who helped to cause the credit crisis in the first place.
Capstone, initially set up as a subsidiary of failed US investment bank Lehman Brothers, underwent a complex reorganisation in June in which current management, under chief executive Amany Attia, assumed part-ownership.
Until 2007, the French-American banker was a driving force behind the process whereby risky sub-prime mortgage debts were bundled up and sold on swiftly.
This type of financial engineering, known as mortgage securitisation, was largely responsible for Lehman's 2008 collapse and played a major role in the failure of other banks such as Northern Rock. The banking crisis triggered the global recession, leading to rising unemployment and financial distress for mortgage borrowers, including Capstone customers.
Attia, 49, who lives in a £3m home in fashionable Brook Green, west London, has a mortgage with Nationwide Building Society, Land Registry documents reveal. She came to Britain in 2001 to 'head Lehman's mortgage securitisation business in Europe', according to reports. Previously she had worked in the US. Attia is trying to rebrand Capstone as 'Acenden' to sever the negative Lehman's connection. Financial Mail sought to talk to her, but was told she was abroad.
Read more: http://www.thisismoney.co.uk/mortgag...#ixzz14iHhiGPb
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Re: Capstone Son of Lehman!
Evil Bucking Fastards the lot of them.Comment
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Re: Capstone Son of Lehman!
Makes one's blood BOIL!
http://www.dailymail.co.uk/money/article-1331580/
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